Tag: Tam
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United Airlines to Buy 5% stake in Brazil’s Azul Linhas Aéreas
Azul Linhas Aéreas and United Continental (NYSE:AUL) announced an agreement on Friday under which the US company will buy 5 percent of the Brazilian company’s capital for $100 million. Azul is the third-largest airline in Brazil and operates more than 900 daily flights in Brazil to 105 different destinations with its fleet of 145 commercial aircraft. Through…